Joint ventures are often the chosen form of multinational firm alliances because they . Grupo de opciones de respuesta provide greater control of proprietary technology enhance the specific skills of the personnel enhance the rewards of the firm increase the level of competition between partner firms

provide greater control of proprietary technology

Explanation:

A joint venture is a business made by two or more parties and has a shared ownership along with the risks. Companies make JV as to access new markets and particulate the emerging markets, gain scale differences in operations, share risks for major projects, to access skills and capabilities. Most of them are incorporated as the oil and gas industry. Combining temporary partnership and some examples include the Dow corning, Sony Ericsson. They can contract its own name, acquire rights as the right to buy new companies.